MGMT 478 Lecture Notes - Lecture 4: Foxconn
31 Jan 2017
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Economic tradeoffs: nothing as a win-win, everyone will always be giving something up. Productivity versus technology: technology is putting people out of jobs and are having dramatic effects, foxconn replacing 60,000 people. Now they are replacing those people with machines. Machines are more efficient than people that is why they are replacing 60,000 people. Evaluating risk is the function of the volume of something is happening and the consequences of it. No such thing as not making a decision: because even if you decided to wait you made a decision to wait. Figure out what the data means: you need to know what to do with data. Opinions versus facts: there is a difference, example mentioned in class is numbers on the balance sheet are facts and you cannot have your own opinion and change and put what you want. Evaluating a company: margins are important and need to be evaluated.
